Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of "Hold" by Analysts

Owens & Minor, Inc. (NYSE:OMI - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.08.

A number of analysts recently weighed in on the company. Robert W. Baird boosted their target price on Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. UBS Group dropped their target price on Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, February 13th.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 354,901 shares of Owens & Minor stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $9.19 per share, with a total value of $3,261,540.19. Following the completion of the purchase, the insider now owns 9,824,599 shares of the company's stock, valued at approximately $90,288,064.81. This represents a 3.75 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.59% of the company's stock.

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Institutional Investors Weigh In On Owens & Minor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMI. Wolverine Asset Management LLC grew its stake in shares of Owens & Minor by 21.1% in the third quarter. Wolverine Asset Management LLC now owns 166,430 shares of the company's stock worth $2,611,000 after acquiring an additional 29,000 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Owens & Minor by 19.2% in the third quarter. Victory Capital Management Inc. now owns 153,416 shares of the company's stock worth $2,407,000 after acquiring an additional 24,722 shares during the last quarter. Royce & Associates LP grew its stake in shares of Owens & Minor by 179.4% in the third quarter. Royce & Associates LP now owns 80,914 shares of the company's stock worth $1,270,000 after acquiring an additional 51,955 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Owens & Minor by 5.3% in the third quarter. Empowered Funds LLC now owns 337,766 shares of the company's stock worth $5,300,000 after acquiring an additional 17,152 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Owens & Minor by 844.1% in the third quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company's stock worth $141,000 after acquiring an additional 8,061 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Price Performance

Shares of OMI traded up $0.03 during trading hours on Thursday, reaching $10.00. 1,437,004 shares of the company's stock traded hands, compared to its average volume of 1,711,562. The stock has a market cap of $772.08 million, a PE ratio of -15.38, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The firm's 50 day simple moving average is $11.20 and its 200-day simple moving average is $13.03. Owens & Minor has a 12 month low of $6.07 and a 12 month high of $28.35.

Owens & Minor (NYSE:OMI - Get Free Report) last released its earnings results on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. Owens & Minor's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Equities analysts expect that Owens & Minor will post 1.51 EPS for the current year.

Owens & Minor announced that its Board of Directors has authorized a stock buyback plan on Friday, February 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.